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Business, 28.08.2020 01:01 KayleighMorganhopkin

All of the following statements regarding planned amortization class (PAC) collateralized mortgage obligations are true except:. a. PACs have companion tranches
b. PACs have a more certain maturity date than comparable TACs
c. PACs have higher yield than comparable TACs
d. PACs have a lower than average prepayment risk.

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